Back in 2018, I accidentally gave the Miner an extra 2 ETH as Gas fees due to my shaky hands—that was half a month's salary for me at the time. It was at that moment I understood a painful truth: every tuition fee in the market is adding bricks to someone else's mansion.
After seven years of sharpening my skills, I have transformed from a novice who couldn't even understand Gas fees into a player who can survive in bear markets and make money in bull markets. I've walked all those winding paths, and today I'll share the 10 rules I've personally learned, which may help you avoid two years of detours.
**First learn to walk, then consider running**
At first, I really thought trading was too simple—it's just clicking the "buy" and "sell" buttons, right? As a result, during my first on-chain operation, I almost had all my assets taken away due to an authorization error. This incident gave me a bloody lesson: if the foundation is unstable, your wallet will become public property.
Now, my only advice to newcomers is this: practice the basics, such as transfers on the exchange, on-chain operations, and Gas price limits, until you are proficient, before discussing investments. It's like driving; you must first know where the brake and accelerator are, otherwise, you're a ticking time bomb on the road.
**The more information, the more chaotic it becomes; it's better to focus on the true data**
I used to spend five to six hours a day scrolling through Twitter influencers and lurking in WeChat groups listening to "God of War" call out trades. Later I realized - 99% of it is noise, it's a performance art.
Now I only use "validate the three axes": check if there are any anomalies in on-chain data, see if there are any real announcements from the official, and keep an eye on whether there is any activity in the project wallet. Listen less to what others are boasting about, and pay more attention to what is happening on-chain; this is the right approach.
Let's take our time to discuss the remaining 7 rules. I hope that the experiences from these pitfalls can help you navigate the next market cycle more steadily.
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TokenomicsDetective
· 14h ago
The gas fee of 2 ETH is truly outrageous. At that time, I was also educated by the market this way, and later I understood that on-chain operations should be done slowly.
But to be honest, the most common mistake beginners make is authorizing random clicks, and the wallet instantly turns into an ATM.
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AirdropGrandpa
· 14h ago
Damn, 2 ETH as gas fees, I was wondering why my Wallet is always empty.
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StealthDeployer
· 14h ago
2 ETH as Gas fees haha, I laughed out loud, how shaky must one's hands be?
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Really, monitoring data is a hundred times more reliable than listening to advocates, personal experience.
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This, what newcomers should actually learn is to stop randomly giving authorizations, everything else is just fluff.
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A truth realized after seven years, luckily I didn't directly go bankrupt.
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Doing something on-chain is worth so much more than just talking about it, this is the core.
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BearMarketSurvivor
· 14h ago
Wow, 2 ETH is half a month's salary, how rich were you back then?
Should I reflect on the fact that I can't even calculate Gas?
The celebrity's advocacy for that trap is indeed performance; now I only look at on-chain data.
That's quite right, the basics really need to be solidified, or else you'll just be a live target.
Wait, what about the remaining 7 items? Don't keep us in suspense!
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LayerZeroJunkie
· 14h ago
2 ETH as gas fees, haha, how shaky must that be, just watching it hurts
But to be fair, those advocates are indeed 99% just putting on a show, I have fallen for it too
On-chain data is the truth, that point is indeed correct
Back in 2018, I accidentally gave the Miner an extra 2 ETH as Gas fees due to my shaky hands—that was half a month's salary for me at the time. It was at that moment I understood a painful truth: every tuition fee in the market is adding bricks to someone else's mansion.
After seven years of sharpening my skills, I have transformed from a novice who couldn't even understand Gas fees into a player who can survive in bear markets and make money in bull markets. I've walked all those winding paths, and today I'll share the 10 rules I've personally learned, which may help you avoid two years of detours.
**First learn to walk, then consider running**
At first, I really thought trading was too simple—it's just clicking the "buy" and "sell" buttons, right? As a result, during my first on-chain operation, I almost had all my assets taken away due to an authorization error. This incident gave me a bloody lesson: if the foundation is unstable, your wallet will become public property.
Now, my only advice to newcomers is this: practice the basics, such as transfers on the exchange, on-chain operations, and Gas price limits, until you are proficient, before discussing investments. It's like driving; you must first know where the brake and accelerator are, otherwise, you're a ticking time bomb on the road.
**The more information, the more chaotic it becomes; it's better to focus on the true data**
I used to spend five to six hours a day scrolling through Twitter influencers and lurking in WeChat groups listening to "God of War" call out trades. Later I realized - 99% of it is noise, it's a performance art.
Now I only use "validate the three axes": check if there are any anomalies in on-chain data, see if there are any real announcements from the official, and keep an eye on whether there is any activity in the project wallet. Listen less to what others are boasting about, and pay more attention to what is happening on-chain; this is the right approach.
Let's take our time to discuss the remaining 7 rules. I hope that the experiences from these pitfalls can help you navigate the next market cycle more steadily.